13.

Loss per Share

	For the Years Ended December 31,
	2016		2015		2014
	(in thousands)

Net loss attributable to Innodata Inc. and Subsidiaries	$	(5,524)	$	(2,826)	$	(974)

Weighted average common shares outstanding		25,542		25,401		25,232
Dilutive effect of outstanding options		-		-		-
Adjusted for dilutive computation		25,542		25,401		25,232

Basic loss per share is computed using the weighted-average number of common shares outstanding during the year. Diluted loss per share is computed by considering the impact of the potential issuance of common shares, using the treasury stock method, on the weighted average number of shares outstanding. For those securities that are not convertible into a class of common stock, the two-class method of computing income (loss) per share is used.

Options to purchase 5.2 million, 3.9 million and 1.4 million shares of common stock in 2016, 2015 and 2014, respectively, were outstanding but not included in the computation of diluted loss per share because the options’ exercise price was greater than the average market price of the common shares and therefore, the effect would have been antidilutive. In addition, diluted net loss per share in 2014 does not include 2.2 million potential common shares derived from the exercise of stock options because as a result of the Company’s incurring losses, their effect would have been antidilutive.